
There is no law that says counters will not go below IPO price either.
YZJ did go as low as 25cts in '08.
So anything is possible. Don't be fooled thinking STX is any different when push comes to shove.
Trade with caution.
tthsteve ( Date: 03-Oct-2011 12:17) Posted:
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Average another 25 lot @ 0.85, wish me luck
Sometimes it makes us wonder if there are other better buys.
Surprisingly this share is cheaper than  Cosco now !
tthsteve ( Date: 03-Oct-2011 12:17) Posted:
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queing 5 lots to buy at ipo price $0.80
Wow the 85 cents test level is here now. Let us see what happens !
Let it bleed some more before jumping in. Too bad dont hv cfd to short. Good luck.
 

New123 ( Date: 03-Oct-2011 10:57) Posted:
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STX OSV Holdings (SOH SP, MS7) – BUY at support
 
Last price: S$0.94
Resistance: S$1.03
Support: S$0.77-0.80
 
For long investors who are still bullish on this stock, we think this stock maybe a technical BUY at the support level of S$0.77-0.80. In our retail note on 29 September, we have a technical SELL with target price of S$0.93 and an intraday low of S$0.935 was achieved on 30 September. Alternatively, investors (who bought at support) may consider exiting their longs if prices trade below between 2-5% of their entry prices, depending on individual risk appetite.
New123 ( Date: 03-Oct-2011 10:57) Posted:
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Good opportunity to Buy.
bishan22 ( Date: 03-Oct-2011 09:09) Posted:
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Drop another 5% today, rather heavy. 

I am interested to get another CFD account.
Does anyone have good experience with using CFD account other than Philips? 
Philips CFD online trading platform seems to be stalling during days where there are major sell-off recently. 
 
xing78 ( Date: 02-Oct-2011 22:03) Posted:
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Link to the list of counters offered by Philips CFD.
http://www.phillipcfd.com/counters/
Good Luck :p 
bishan22 ( Date: 02-Oct-2011 16:50) Posted:
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On Friday, STX OSV broke the minor support at $0.995 and closed at $0.94 with HIGH volume of 20.6 million shares traded.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of STX OSV: $0.995
Immediate Support of STX OSV: $0.85
Currently prices are well below 20/50/100/200 days MA.
Since 16/Sept, STX has been under ................... READ MORE
 
When many ppl are on the same  mindsets that the mkt is going down you may be in for a surprise when the BBs start to reverse this by uploading and pushing it higher...
Things are not as bad as what it seems to be. US economy is not in recession but ppl are already factoring that into the shares prices.
Europe debts issue is not new.  I think they will get the next batch of loan approved.Europe can afford to let them go default at this moment.
This week US job data and 3Qtr reporting may give a clearer indication going forward.. 
Poems cfd only hv long, dma hv long & short. The comms fees are different for both account.  

jamesng ( Date: 02-Oct-2011 16:34) Posted:
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You can borrow the share from sgx at some fees and sell it....
Not sure poems cfd can sell stx osv or not...but do check it out....
These are the best 2 ways to short a counter for longer term without having to buy back on same day....
stx osv still got a lot of meat....it defy gravity last time becasue of the 5 cents dividend....
u got script to short?
sienz.. i cant short this :(
xing78 ( Date: 02-Oct-2011 15:54) Posted:
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i will sell and double short. if u can't beat them why not join them. LOL
jamesng ( Date: 02-Oct-2011 13:34) Posted:
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Yes you are right...
    New stock players usually do not know
            what to do and need some hand-holding.
                  But then you should also appreciate that
                stocks are not like bowling, for instance,
                                    which is an exact art. Stocks is all betting,
                        and no one knows the next move... what
                                                    if you urge sell and then prices surge the
                                                            next day? The same applies to urging
                                                                        people to " buy on dips" ...

rotijai ( Date: 02-Oct-2011 13:22) Posted:
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I prefer to sell and buy back later ..then I will have more lots....there is a risk if it moves up but I think it is less likely for time being.....
ipo only 79 cents....current price still up a lot.....
New123 ( Date: 02-Oct-2011 12:28) Posted:
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master ipunter
sometimes the new comers need a more direct feedback :P
only those who lost until gong gong like me the noob can understand ur advice :)
iPunter ( Date: 01-Oct-2011 18:51) Posted:
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